UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-22022
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Advent/Claymore Global Convertible Securities and Income Fund
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(Exact name of registrant as specified in charter)
1065 Avenue of the Americas, New York, NY 10018
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(Address of principal executive offices) (Zip code)
Robert White, Treasurer
Advent/Claymore Global Convertible Securities and Income Fund
1065 Avenue of the Americas
New York, NY 10018
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(Name and address of agent for service)
Registrant's telephone number, including area code: (212) 479-0675
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Date of fiscal year end: October 31
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Date of reporting period: July 31, 2008
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Form N-Q is to be used by management investment companies, other than small
business investment companies registered on Form N-5 (ss.ss. 239.24 and 274.5 of
this chapter), to file reports with the Commission, not later than 60 days after
the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under
the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use
the information provided on Form N-Q in its regulatory, disclosure review,
inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-Q,
and the Commission will make this information public. A registrant is not
required to respond to the collection of information contained in Form N-Q
unless the Form displays a currently valid Office of Management and Budget
("OMB") control number. Please direct comments concerning the accuracy of the
information collection burden estimate and any suggestions for reducing the
burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street,
NW, Washington, DC 20549-0609. The OMB has reviewed this collection of
information under the clearance requirements of 44 U.S.C. ss. 3507.
Item 1. Schedule of Investments.
Attached hereto.
AGC / ADVENT/CLAYMORE GLOBAL CONVERTIBLE SECURITIES & INCOME FUND
Portfolio of Investments
July 31, 2008 (unaudited)
Principal Amount Value
----------------------------------------------------------------------------------------------------
Long-Term Investments -- 126.0%
Convertible Bonds -- 47.8%
Airlines -- 0.2%
$ 1,422,000 JetBlue Airways Corp., CCC
3.75%, 3/15/35 $ 1,013,175
--------------------
Automotive Manufacturers -- 2.8%
General Motors Corp., B-
$ 16,250,000 5.25%, Ser. B, 3/06/32 8,001,500
$ 4,883,750 1.50%, Ser. D, 6/01/09, (a) 4,224,444
--------------------
12,225,944
--------------------
Banks -- 3.4%
$ 13,000,000 BES Finance Ltd., Ser. EMTN, A
1.25%, 2/26/11 (Portugal) 13,367,900
$ 2,000,000 Boston Private Financial Holdings, Inc., NR
3.00%, 7/15/27 1,837,500
--------------------
15,205,400
--------------------
Biotechnology -- 1.4%
$ 5,500,000 Genzyme Corp., BBB+
1.25%, 12/01/23 6,249,375
--------------------
Building Materials -- 3.4%
JPY 260,000,000 Asahi Glass Co. Ltd., Ser. 5, A
1.90%, 12/26/08 (Japan) 2,620,940
(euro) 10,600,000 Bayer Hypo, Ser. Lafarge, A
8.00%, 10/03/08 (France) (b) 12,589,219
--------------------
15,210,159
--------------------
Chemicals-- 4.9%
(euro) 5,500,000 Bayer Capital Corp. BV, BBB
6.625%, 6/01/09 (Netherlands) 12,812,421
$ 10,000,000 Deutsche Bank AG, Ser. Sinofert Holdings Ltd., NR
8.00%, 12/23/08 (Germany) (b) (c) 8,747,000
--------------------
21,559,421
--------------------
Coal - 0.8%
$ 2,500,000 Peabody Energy Corp., B
4.75%, 12/15/41 3,371,875
--------------------
Diversified Financial Services - 1.7%
$ 1,000,000 Merrill Lynch & Co., Inc., NR
0.00%, 3/13/32 968,300
(euro) 2,500,000 MTU Aero Engines Finance BV, Ser. MTU, BB+
2.75%, 2/01/12 (Netherlands) 3,070,634
$ 4,000,000 Nasdaq OMX Group (The), BB+
2.50%, 8/15/13 (c) 3,440,000
--------------------
7,478,934
--------------------
Electrical Components and Equipment - 0.9%
$ 4,000,000 General Cable Corp., B
1.00%, 10/15/12 3,865,000
--------------------
Electronics -- 0.8%
$ 4,000,000 Flextronics International Ltd., BB-
1.00%, 8/01/10 (Singapore) 3,745,000
--------------------
Energy - Alternate Sources -- 1.1%
$ 5,000,000 Suntech Power Holdings Co. Ltd., NR
0.25%, 2/15/12 (China) 4,918,750
--------------------
Health Care - Products -- 4.1%
$ 12,500,000 Deutsche Bank AG, Ser. Hengan International
Group Co. Ltd., NR
9.00%, 7/10/09 (b) (c) 12,902,500
$ 7,000,000 Hologic, Inc., B+
2.00%, 12/15/37 (d) 5,425,000
--------------------
18,327,500
--------------------
Holding Companies - Diversified -- 2.0%
$ 15,000,000 BNP Paribas SA, Ser. Shanghai Industrial, AA
9.00%, 10/03/08 (China) (b) (c) 9,049,500
--------------------
Machinery - Diversified -- 2.5%
$ 12,500,000 Allegro Investment Corp., Ser. Nabtesco, NR
9.00%, 7/16/09 (Japan) (b) (c) 10,941,250
--------------------
Metals Fabricate/Hardware - 3.1%
(euro) 7,500,000 Figaro Finance Ltd., Ser. Vallourec, NR
3.875%, 9/18/09 (France) (b) 13,678,671
--------------------
Mining - 1.1%
$ 5,000,000 Kinross Gold Corp., NR
1.75%, 3/15/28 (Canada) (c) 4,775,000
--------------------
Oil and Gas -- 5.9%
$ 2,500,000 Carrizo Oil & Gas, Inc., NR
4.375%, 6/01/28 2,262,500
Chesapeake Energy Corp., BB
$ 5,000,000 2.25%, 12/15/38 4,793,750
$ 3,000,000 2.75%, 11/15/35 4,346,250
CAD 3,000,000 Harvest Energy Trust, NR
7.25%, 9/30/13 (Canada) 2,653,210
Transocean, Inc., BBB+
$ 7,500,000 1.625%, Ser. A, 12/15/37 (Cayman Islands) 8,053,125
$ 3,500,000 1.50%, Ser. B, 12/15/37 (Cayman Islands) (a) 3,749,375
--------------------
25,858,210
--------------------
Pharmaceuticals -- 3.0%
$ 9,000,000 Teva Pharmaceutical Finance Co. BV, Ser. D, BBB+
1.75%, 2/01/26 (Israel) 9,956,250
$ 3,000,000 Teva Pharmaceutical Finance LLC, Ser. C, BBB+
0.25%, 2/01/26 (Israel) (a) 3,105,000
--------------------
13,061,250
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Real Estate Investment Trusts -- 0.5%
$ 2,500,000 Host Hotels & Resorts LP, BB
2.625%, 4/15/27 (c) 1,996,875
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Retail -- 1.3%
(pound) 3,500,000 Punch Taverns Redwood Jersey Co. Ltd., NR
5.00%, 12/14/10 (Jersey) 5,681,793
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Telecommunications -- 2.4%
$ 7,500,000 Level 3 Communications, Inc., CCC
6.00%, 9/15/09 7,237,500
$ 3,500,000 Qwest Communications International, Inc., B+
3.50%, 11/15/25 3,368,750
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10,606,250
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Transportation -- 0.5%
$ 2,500,000 YRC Worldwide, Inc., B+
5.00%, 8/08/23 (a) 2,215,625
--------------------
Total Convertible Bonds -- 47.8%
(Cost $231,544,804) 211,034,957
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Number of Shares Value
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Convertible Preferred Stocks -- 49.7%
Advertising -- 1.1%
419,750 Elf Special Financing Ltd., 3.126%, 2009 (c) (e) 5,006,050
--------------------
Automotive Manufacturers -- 0.5%
100,000 Ford Motor Co. Capital Trust II, 6.50%, 2032 2,357,000
--------------------
Banks -- 5.0%
6,400 Bank of America Corp., Ser. L, 7.25%, 2049 (a) 5,971,200
59,250 Keycorp, Ser. A, 7.75%, 2049 5,532,173
295,350 Wachovia Bank NA, Ser. The Bank of New York Mellon Corp.,
10.00%, 2009 (b) (c) 10,768,461
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22,271,834
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Beverages -- 2.7%
529,287 Allegro Investment Corp. SA, Ser. SABMiller, 8.00%, 12,046,856
2008 (United Kingdom) (b) --------------------
Computers -- 1.0%
234,010 Merrill Lynch & Co., Inc., Ser. Dell, Inc., 14.85%,
2008 (b) (c) 4,584,256
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Diversified Financial Services -- 6.0%
110,000 Affiliated Managers Group, Inc., 5.10%, 2036 (a) 4,537,500
60,000 AMG Capital Trust II, 5.15%, 2037 2,006,250
116,200 Citigroup, Inc., Ser. T, 6.50%, 2049 5,140,688
5,400 Givaudan Nederland Finance, 5.375%, 2010 (Netherlands) 4,288,909
143,700 Legg Mason, Inc., 7.00%, 2011 (a) 5,694,831
5,225 SLM Corp., Ser. C, 7.25%, 2010 (a) 4,636,534
--------------------
26,304,712
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Electric -- 3.0%
135,000 Entergy Corp., 7.625%, 2009 8,437,500
15,000 NRG Energy, Inc., 5.75%, 2009 4,686,563
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13,124,063
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Engineering and Construction -- 3.7%
628,060 Eksportfinans A/S, Ser. ABB Ltd., 8.00%, 2008
(Switzerland) (b) (c) 16,578,927
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Household Products/Housewares - 1.2%
120,000 Avery Dennison Corp., 7.875%, 2010 5,280,000
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Insurance -- 0.8%
40,000 Aspen Insurance Holdings Ltd., Ser. AHL, 5.625%,
2049 (Bermuda) 1,940,000
187,500 XL Capital Ltd., 7.00%, 2009 (Cayman Islands) 1,432,500
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3,372,500
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Machinery - Construction and Mining -- 2.8%
475,500 Morgan Stanley, Ser. Komatsu, 8.00%, 2008 (Japan) (b) (c) 12,187,775
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Mining -- 8.1%
223,250 Credit Suisse, Inc., Ser. Barrick Gold Corp., 9.00%,
2009 (Switzerland) (b) 9,200,133
342,720 Deutsche Bank AG, Ser. Cia Vale do Rio Doce, 10.00%,
2009 (Brazil) (b) (c) 10,781,971
Freeport-McMoRan Copper & Gold, Inc.
40,000 6.75%, 2010 (a) 5,609,200
2,050 5.50%, 2049 4,272,200
34,000 Hecla Mining Co., 6.50%, 2011 3,146,700
50,000 Vale Capital Ltd., Ser. RIO, 5.50%, 2010 (Brazil) (b) 2,906,250
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35,916,454
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Oil and Gas Services -- 3.9%
101,444 Citigroup, Inc., Ser. Schlumberger Ltd., 9.00%, 2009
(Netherlands) (a) (b) 10,268,720
149,250 Merrill Lynch & Co., Inc., Ser. Halliburton Co., 8.00%,
2009 (b) (c) 6,871,470
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17,140,190
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Pharmaceuticals -- 5.8%
15,500 Mylan, Inc., 6.50%, 2010 (f) 13,858,550
60,000 Schering-Plough Corp., 6.00%, 2010 11,769,000
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25,627,550
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Real Estate Investment Trusts -- 0.6%
150,000 HRPT Properties Trust, Ser. D, 6.50%, 2049 2,550,000
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Telecommunications - 3.5%
15,000 Lucent Technologies Capital Trust I, 7.75%, 2017 11,475,000
394,055 Merrill Lynch & Co., Inc., Ser. Motorola, Inc., 18.70%,
2008 (b) (c) 3,916,907
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15,391,907
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Total Convertible Preferred Stocks - 49.7%
(Cost $247,652,022) 219,740,074
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Common Stocks -- 17.9%
Agriculture -- 0.8%
55,000 Lorillard, Inc. (a) (g) 3,691,050
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Automotive Manufacturers -- 1.0%
207,000 Suzuki Motor Corp. (Japan) 4,538,928
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Building Materials -- 0.5%
28,600 Holcim Ltd. (Switzerland) 2,039,933
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Chemicals-- 0.4%
5,450 Syngenta AG (Switzerland) 1,597,817
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Entertainment -- 0.4%
75,000 International Game Technology (a) 1,628,250
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Holding Companies - Diversified -- 0.4%
629,000 Shanghai Industrial Holdings Ltd. (China) 1,797,776
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Health Care - Products -- 0.6%
900,532 Hengan International Group Co. Ltd. (Cayman Islands) 2,741,214
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Miscellaneous Manufacturing -- 2.6%
92,600 Siemens AG (Germany) 11,379,177
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Oil and Gas -- 6.9%
65,800 Advantage Energy Fund - Income Trust (Canada) 710,640
100,000 Baytex Energy Trust - Income Trust (Canada) 3,070,548
269,000 Bonavista Energy Trust - Income Trust (Canada) 8,550,924
251,000 Enerplus Resources Fund - Income Trust (Canada) 10,276,915
155,700 Harvest Energy Trust - Income Trust (Canada) 3,040,974
123,700 Vermilion Energy Trust - Income Trust (Canada) 4,774,069
--------------------
30,424,070
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Pharmaceuticals -- 1.4%
34,000 Roche Holding AG (Switzerland) (a) 6,303,626
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Real Estate -- 0.6%
478,000 Kerry Properties Ltd. (Bermuda) 2,554,725
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Retail -- 1.1%
222,069 Whitbread PLC (United Kingdom) (a) 4,891,649
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Telecommunications -- 1.2%
100,000 NII Holdings, Inc. (a) (g) 5,466,000
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Total Common Stocks -- 17.9%
(Cost $90,335,699) 79,054,215
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Principal Amount Value
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Corporate Bonds -- 10.6%
Agriculture -- 0.5%
$ 2,000,000 Vector Group Ltd., NR
11.00%, 8/15/15 2,020,000
--------------------
Computers -- 0.6%
2,500,000 SunGard Data Systems, Inc., B-
10.25%, 8/15/15 2,550,000
--------------------
Holding Companies - Diversified -- 1.1%
5,000,000 Leucadia National Corp., BB+
8.125%, 9/15/15 5,006,250
--------------------
Diversified Financial Services -- 1.0%
2,725,000 Axcan Intermediate Holdings, Inc., B-
12.75%, 3/01/16 (c) 2,725,000
5,000,000 JPMorgan Chase & Co., Ser. 1, A
7.90%, 4/29/49 (h) 4,638,680
--------------------
7,363,680
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Electric-- 1.5%
6,500,000 Texas Competitive Electric Holdings Co., LLC, CCC
10.25%, 11/01/15 (c) 6,532,500
--------------------
Forest Products and Paper-- 0.2%
1,000,000 Verso Paper Holdings LLC, Ser. B, B+
9.125%, 8/01/14 900,000
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Health Care - Services-- 1.4%
3,000,000 HCA, Inc., B-
8.36%, 4/15/24 2,504,412
1,000,000 HCA, Inc., BB-
9.25%, 11/15/16 1,032,500
--------------------
3,536,912
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Media -- 0.6%
2,500,000 Nielsen Finance LLC, B-
10.00%, 8/01/14 2,531,250
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Oil and Gas Services-- 1.0%
3,000,000 CCS, Inc., B-
11.00%, 11/15/15 (Canada) (c) 2,625,000
2,000,000 Forbes Energy Services Ltd., B
11.00%, 2/15/15 (Bermuda) (c) 2,010,000
--------------------
4,635,000
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Packaging and Containers-- 1.2%
1,000,000 Graphic Packaging International Corp., B-
9.50%, 8/15/13 935,000
3,500,000 Jefferson Smurfit Corp., B-
8.25%, 10/01/12 3,088,750
1,350,000 Smurfit-Stone Container Enterprises, Inc., B-
8.375%, 7/01/12 1,198,125
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5,221,875
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Telecommunications-- 1.5%
1,500,000 Broadview Networks Holdings, Inc., CCC+
11.375%, 9/01/12 1,342,500
2,000,000 Centennial Communications Corp., CCC+
10.00%, 1/01/13 2,090,000
1,000,000 Cricket Communications, Inc., B-
9.375%, 11/01/14 985,000
3,000,000 Sprint Capital Corp., BB
6.875%, 11/15/28 2,383,266
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6,800,766
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Total Corporate Bonds -- 10.6%
(Cost $48,344,182) 47,098,233
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Total Long-Term Investments -- 126.0%
(Cost $617,876,707) 556,927,479
--------------------
Short-Term Investments -- 14.4%
U.S. Government Securities - 14.3%
63,850,000 United States Treasury Bill yielding 2.03%, 1/02/09 (f)
(Cost $63,292,802) 63,391,685
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Number of Shares Value
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Money Market Funds -- 0.1%
195,081 Goldman Sachs Financial Prime Obligations
(Cost $195,081) 195,081
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Total Short-Term Investments -- 14.4%
(Cost $63,487,883) 63,586,766
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Total Investments -- 140.4%
(Cost $681,364,590) 620,514,245
Total Options Written (Premiums received $283,386)-- (0.1%) (449,160)
Other liabilities in excess of assets -- (1.8%) (8,067,803)
Preferred Stock, at redemption value - (-38.5% of
Net Assets Applicable to Common Shareholders or
-27.4% of Total Investments) (170,000,000)
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Net Assets Applicable to Common Shareholders-- 100.0% $ 441,997,282
====================
AG - Stock Corporation
Ltd. - Limited
LLC - Limited Liability Corp.
SA - Corporation
(a) All or a portion of this security position represents cover (directly
or through conversion rights) for outstanding options written.
(b) Synthetic Convertible - A synthetic convertible security is either a
bond or preferred security structured by an investment bank that
provides exposure to a specific company's common stock.
(c) Securities are exempt from registration under Rule 144A of the
Securities Act of 1933. These securities may be resold in transactions
exempt from registration, normally to qualified institutional buyers.
At July 31, 2008, these securities amounted to 30.9% of net assets.
(d) Security is a "step-up" bond where the coupon increases or steps up at
a predetermined date.
(e) Floating rate security. The rate shown is as of July 31, 2008.
(f) All or a portion of these securities have been physically segregated
in connection with swap agreements.
(g) Non-income producing security.
(h) Security has a fixed rate coupon which will convert to a floating or
variable rate coupon on a future date. The rate shown is as of July
31, 2008.
Ratings shown are per Standard & Poor's. Securities classified as NR are
not rated by Standard & Poor's.
All percentages shown in the Portfolio of Investments are based on Net
Assets Applicable to Common Shareholders unless otherwise noted.
Country Allocation *
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United States 47.4%
Canada 7.3%
Switzerland 6.4%
Netherlands 5.5%
Japan 5.4%
France 4.7%
Cayman Islands 3.8%
Germany 3.6%
United Kingdom 3.0%
China 2.8%
Brazil 2.5%
Portugal 2.4%
Israel 2.3%
Bermuda 1.2%
Jersey 1.0%
Singapore 0.7%
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* Based on Total Long Term Investments. Subject to change daily.
AGC / ADVENT/CLAYMORE GLOBAL CONVERTIBLE SECURITIES & INCOME FUND
Portfolio of Investments (continued)
July 31, 2008 (unaudited)
Contracts
(100 shares Expiration Exercise Market
per contract) Call Options Written(g) Date Price Value
---------------------------------------------------------------------------------------------------------------------------------
100 Affiliated Managers Group, Inc., 5.10%, 2036 August 2008 $ 105.00 $ 500
50 Bank of America Corp., Ser. L, 7.25%, 2049 August 2008 30.00 19,350
400 General Motors Corp., Ser. D, B-, 1.50%, 6/01/09 August 2008 15.00 6,400
200 International Game Technology August 2008 25.00 2,500
65 Legg Mason, Inc., 7.00%, 2011 August 2008 55.00 650
50 Lorillard, Inc. August 2008 75.00 1,250
45 Lorillard, Inc. September 2008 80.00 2,250
150 NII Holdings, Inc. August 2008 45.00 145,500
75 NII Holdings, Inc. August 2008 50.00 36,975
125 NII Holdings, Inc. September 2008 50.00 82,500
100 NII Holdings, Inc. September 2008 55.00 40,300
100 Roche Holding AG (Switzerland) September 2008 195.00 62,595
100 Citigroup, Inc., Ser. Schlumberger Ltd., 9.00%, 2009 (Netherlands) August 2008 110.00 5,300
75 SLM Corp., Ser. C, 7.25%, 2010 September 2008 22.50 3,188
200 Teva Pharmaceutical Finance LLC, Ser. C, BBB+, 0.25%, 2/01/26 (Israel) August 2008 45.00 17,400
150 Transocean, Inc., Ser. B, BBB+, 1.50%, 12/15/37 (Cayman Islands) August 2008 160.00 4,500
25 Whitbread PLC (United Kingdom) September 2008 1,400.00 4,952
100 YRC Worldwide, Inc., B+, 5.00%, 8/08/23 August 2008 17.50 10,500
Total Call Options Written
(Premiums received $276,171) $ 446,610
--------------
Contracts
(100 shares Expiration Exercise Market
per contract) Call Options Written(g) Date Price Value
---------------------------------------------------------------------------------------------------------------------------------
50 Freeport-McMoRan Copper & Gold, Inc., 6.75%, 2010 August 2008 85.00 2,550
Total Put Options Written
(Premiums received $7,215) $ 2,550
--------------
Total Options Written
--------------
(Premiums received $283,386) $ 449,160
==============
(g) Non-income producing security.
Total Return Swaps
Paying/
Notional Receiving
Termination Amount Floating Unrealized
Counterparty Underlying Term Loans Date (000) Rate Depreciation
---------------------------------------------------------------------------------------------------------------------------------
Citigroup Health Management Associates, Inc.,
US LIBOR + 1.75%, due 02/28/14 8/8/2008 $ 4,692(a) 3.55% $ (319,103)
JPMorgan Chase & Co. Bausch & Lomb, US LIBOR + 3.25%,
due 04/26/15 5/1/2009 4,890 3.19% (86,945)
JPMorgan Chase & Co. CCS Corp., US LIBOR + 3.00%, due 11/14/14 5/1/2009 12,219 3.19% (1,712,742)
JPMorgan Chase & Co. Celanese Holdings LLC, US LIBOR + 1.75%,
due 03/30/14 5/1/2009 9,283 3.19% (583,374)
JPMorgan Chase & Co. Community Health Systems, Inc., US LIBOR
+ 2.25%, due 07/25/14 5/1/2009 17,925 3.19% (1,107,002)
JPMorgan Chase & Co. FairPoint Communications Inc., US LIBOR
+ 2.75%, due 03/08/15 5/1/2009 5,692 3.19% (797,283)
JPMorgan Chase & Co. Ford Motor Co., US LIBOR + 3.00%,
due 12/15/13 5/1/2009 16,007 3.19% (3,708,188)
JPMorgan Chase & Co. Georgia-Pacific Corp., US LIBOR + 1.75%,
due 12/22/12 5/1/2009 2,331 3.19% (140,437)
JPMorgan Chase & Co. HCA, Inc., US LIBOR + 2.75%, due 11/16/13 5/1/2009 18,576 3.19% (1,154,093)
JPMorgan Chase & Co. Hertz Corp., US LIBOR + 2.50%, due 12/21/12 5/1/2009 3,858 3.19% (332,263)
JPMorgan Chase & Co. Isle of Capri Casinos, US LIBOR + 1.75%,
due 07/26/14 5/1/2009 2,096 3.19% (358,422)
JPMorgan Chase & Co. Las Vegas Sands LLC, US LIBOR + 1.75%,
due 05/23/14 5/1/2009 12,823 3.19% (2,039,672)
JPMorgan Chase & Co. Level 3 Communications, Inc., LIBOR + 2.25%,
due 03/13/14 5/1/2009 11,700 3.19% (1,279,088)
JPMorgan Chase & Co. Lyondell Chemical Co., US LIBOR + 3.25%,
due 12/20/14 5/1/2009 10,417 3.19% (2,023,415)
JPMorgan Chase & Co. Mac Gen LLC, US LIBOR + 2.25%, due 02/22/12 5/1/2009 5,589 3.19% (247,643)
JPMorgan Chase & Co. Mediacom Broadband LLC, US LIBOR + 3.50%,
due 11/30/15 5/1/2009 2,469 3.19% (31,250)
JPMorgan Chase & Co. NRG Energy, Inc., US LIBOR, due 02/01/13 5/1/2009 3,789 3.19% (616,193)
JPMorgan Chase & Co. NRG Holdings, Inc., US LIBOR + 2.50%,
due 12/28/07 5/1/2009 12,405 3.19% (193,841)
JPMorgan Chase & Co. Tenneco Automotive, Inc., US LIBOR + 1.75%,
due 03/16/14 5/1/2009 1,800 3.19% (198,098)
JPMorgan Chase & Co. Texas Comp Elec Hold LLC, US LIBOR + 3.50%,
due 10/10/14 5/1/2009 4,590 3.19% (358,168)
JPMorgan Chase & Co. Texas Comp Elec Hold LLC, US LIBOR + 3.50%,
due 10/10/14 5/1/2009 3,682 3.19% (277,297)
JPMorgan Chase & Co. Time Warner Telecommunications Holdings,
US LIBOR + 2.25%, due 01/07/13 5/1/2009 3,317 3.19% (135,152)
JPMorgan Chase & Co. Virgin Media Investment Holding, EURIBOR
+ 2.00%, due 10/04/13 5/1/2009 5,839 5.14% (692,718)
JPMorgan Chase & Co. Virgin Media Investment Holding, GB LIBOR
+ 2.125%, due 10/04/13 5/1/2009 7,413 5.84% (880,122)
----------- ------------
$ 183,402 $(19,272,509)
=========== ============
For each swap agreement the Fund pays a floating rate and receives the total
return of the underlying asset, except where noted
(a) Fund receives a floating rate and pays a fixed rate
Item 2. Controls and Procedures.
(a) The registrant's principal executive officer and principal financial
officer have evaluated the registrant's disclosure controls and
procedures within 90 days of this filing and have concluded based on
such evaluation, that the registrant's disclosure controls and
procedures were effective, as of that date, in ensuring that
information required to be disclosed by the registrant in this Form N-Q
was recorded, processed, summarized and reported within the time
periods specified in the Securities and Exchange Commission's rules and
forms.
(b) The registrant's principal executive officer and principal financial
officer are aware of no changes in the registrant's internal controls
over financial reporting (as defined in Rule 30a-3(d) under the
Investment Company Act) that occurred during the registrant's last
fiscal quarter that may have materially affected or is reasonably
likely to materially affect the registrant's internal control over
financial reporting.
Item 3. Exhibits.
A separate certification for each principal executive officer and principal
financial officer of the registrant as required by Rule 30a-2(a) under the
Investment Company Act (17 CFR 270.30a-2(a)), exactly as set forth below:
Attached hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
Advent/Claymore Global Convertible Securities and Income Fund
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By: /s/ Tracy V. Maitland
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Tracy V. Maitland
President and Chief Executive Officer
Date: September 26, 2008
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
By: /s/ Tracy V. Maitland
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Tracy V. Maitland
President and Chief Executive Officer
Date: September 26, 2008
By: /s/ Robert White
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Robert White
Treasurer and Chief Financial Officer
Date: September 26, 2008